The UK government has initiated the hiring process for GB Energy, with plans to reveal the location of the state-owned company’s headquarters in Scotland next month. The Department for Energy Security and Net Zero has advertised “mid-senior level” positions on LinkedIn for the new company, which will receive £8.3bn in funding over the parliament to accelerate the deployment of clean energy projects.
Energy minister Michael Shanks announced that the location of GB Energy’s headquarters would be disclosed “early next month” during an event in Aberdeen. The establishment of GB Energy was a key manifesto pledge by the Labour party, aiming to develop more renewable energy and achieve net-zero emissions from electricity generation by 2030.
The company will own, manage, and operate clean power projects while also supporting the development of newer technologies such as carbon capture and hydrogen. The headquarters’ location has become a highly contested issue in Scotland, with lobbyists campaigning for Aberdeen, the heart of the North Sea oil industry, to be its natural home. Other potential locations include Edinburgh, the country’s financial and administrative capital, and Glasgow, Labour’s traditional Scottish stronghold.
As the North Sea oil basin declines, concerns have arisen in the north-east of Scotland about the economic impact of transitioning from hydrocarbons to renewables. The government’s plans to increase the energy windfall tax have exacerbated worries about delivering a “just transition”. Locating GB Energy in Aberdeen, a centre for transferable offshore skills, could help alleviate these concerns.
The government recently announced a partnership between GB Energy and the Crown Estate to develop new offshore wind projects. Energy secretary Ed Miliband has argued that increasing UK renewable power capacity will reduce bills in the long term by decreasing exposure to gas prices.
However, British energy bills are set to rise this winter, with Ofgem increasing the price cap by 10 per cent for the final three months of the year.
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